Business & Markets

New Bill to extend gift card expiry dates

Extending the expiry dates on gift cards to three years is the aim of a new Member’s Bill lodged by Waitaki MP Jacqui Dean. “My Fair Trading (Gift Card Expiry) Amendment Bill would see the minimum expiry date of gifts cards extended to...... Read More

Petrol prices up, but mixed moves in regions

Petrol prices increased 5.0 percent in the year ended March 2018, Stats NZ said today. In the March 2018 quarter prices rose 2.7 percent. Rising crude oil prices, and a falling exchange rate, contributed to pushing petrol prices up in the second half...... Read More

Auckland bus strike to cause early morning disruptions

Commuters in parts of Auckland are being warned to prepare for disruptions to early morning bus services, as some drivers take part in rolling strike action. First Union members are pushing for fairer pay and work conditions from their employer, NZ...... Read More

Takeover on the cards for Comvita

Bay of Plenty honey company Comvita is being eyed up by a third party interested in acquiring ‘all or substantially all’ of the company’s shares, the board announced today. The news comes after the latest estimates on the value of...... Read More

What retirement? Kiwis want to keep working

Nearly half of New Zealanders want to keep working after they turn 65 - most of them by choice. A BNZ Financial Futures survey asked more than 2,000 people about their retirement plans and found 46 percent want to keep working past what's regarded...... Read More

Vegetable prices bolt in March

Tomato, lettuce, cauliflower, cabbage, and broccoli prices rose sharply in March 2018, boosting vegetable prices 9.5 percent in the month after adjusting for typically seasonal changes, Stats NZ said today. “Vegetable crops have been affected...... Read More

Zespri boss to jump out of comfort zone

One of Zespri’s high flyers will start his working week next week in an intrepid way.  Chief supply chain officer Blair Hamill will be jumping out of a plane, and right out of his comfort zone – he confesses to not really liking heights.  It...... Read More

Living wage employers scarce in Tauranga

There is a real danger that Tauranga will fall behind and become known for its low wages if employers don’t join the growing movement to pay their staff a living wage, says the E Tu union. The 2018 New Zealand Living Wage rate increased to $20.55...... Read More

Busy summer for frontline biosecurity officers

New Zealand’s border biosecurity defenders have just been through their busiest summer on record, says the Ministry for Primary Industries. MPI biosecurity officers screened some 2 million passenger arrivals for risk goods between December and...... Read More